3 Ways Technology is Shaping Florida’s Real Estate Market

The real estate market in Florida is booming, and this is something widely talked about. A number of factors are fueling this change, but perhaps one of the most important and the least apparent forces behind all this is “technology”. It is not highly recognized, but technological advancement stands as the backbone for Florida’s real estate resurgence. Here’s what you should know about it.
Enhanced Connectivity Through Telecommunications Infrastructure
Technology is reconfiguring Florida’s real estate market in many ways, with improved telecommunications infrastructure being one of the most prominent factors. It’s true that strong connectivity has now moved from being a luxury to a necessity for renters, homebuyers, and businesses. For instance, Verizon real estate investments in this area are driving the change, and connectivity is fast becoming one of Florida’s central tenets of real estate growth.
In September 2024, Verizon inked a $3.3 billion deal with Vertical Bridge in the transfer of operational rights to its 6,330 wireless communication towers across the United States, including Florida. In this prepaid lease deal, Verizon received upfront $2.8 billion in cash to further develop its infrastructure.
Noticeably, this investment has directly influenced the desirability and value of the real estate involved, as perfect mobile and internet connectivity becomes increasingly important in drawing buyers. In fact, these changes are reflected in Florida’s housing market.
In May 2024, the state’s median home price increased to $420,700, a 3.3% YOY change. Prices rose by as much as 17% in hotspots, such as Miami-Dade County. The luxury markets like Coral Gables saw even sharper growth, with home prices averaging $1.35 million, a 23% rise from 2023. This is mainly due to better connectivity and infrastructure supporting modern lifestyles.
Increasing Popularity of Smart Homes
Smart home technology has had a huge impact on Florida’s real estate market by making automation and energy-efficient solutions available to buyers. In modern properties, you’ll find advanced security systems, automated lighting, and tools for optimizing energy use. IoT devices further bring in functionality, allowing precise control over household systems, be it through mobile apps or voice commands.
Similarly, energy-efficient features, such as smart thermostats, mitigate the impact of Florida’s warm climate on cooling costs. Buyers look at purchasing a home with advanced systems because they assure superior efficiency, comfort, and monetary savings over the long run.
The Rise of Remote Work and Hybrid Lifestyles

In Florida, buyer preferences have shifted significantly due to an increased focus on remote work. The technology that enables professionals to work from any location has inspired massive migration patterns away from high-tax states to Florida.
A warm climate, favorable tax policies, and lower cost of living are among the most important reasons why remote workers turn to Florida. This trend has also increased housing demand in rural and suburban areas. This also means you’re going to see higher property prices, especially in places like Port St. Lucie, Cape Coral, and Ocala.
Demand has been further driven upward by Florida’s emerging tech hubs, such as Tampa, Miami, and Orlando, which have brought in high-income professionals. However, rising property values have become a concern for the affordability of local residents.
In response, developers are now building properties with advanced technological features, home offices, and layouts that fit remote lifestyles. All these show the continuous change in the real estate market to adapt to the necessities of a remote-working population.
Final Thoughts
When thinking about the future of the Florida property market, there is one thing that becomes blatantly obvious: using technology is important to stay ahead. Those who are willing to adjust and actually get on board with technology are the ones going to be leading the charge in Florida.